The Youngest Son Of A Rich Family Chapter 29

[029] I have to spend some money to learn and learn 2.

Lee Hak-jae became more cautious.

“yes. It is said that they gave 4 billion won.”

“Four billion? this!”

“Right now, there are rumors in Chungmuro that the Sunyang Group has jumped into the movie industry. It’s a bit large with the initial funds.”

“Bullshit ends with bullshit. You don’t have to worry about it.”

Chairman Jin started rubbing his throbbing forehead.

“Can I use your hand?”

“Can you write?”

“A production company is like a developer in terms of construction. You can’t make a movie without a contractor. You have to gather a lot of steps for each part.”

“I will cut off the limbs to work with…?”

“yes.”

“Hmm…”

The hand that was rubbing his forehead stopped.

“Leave it.”

“yes?”

“You’ll have to ruin it to know. I mean, you shouldn’t spend money attracted by recognition.”

It was a shocking remark to Lee Hak-jae. The chairman’s concern was not his son. He only thinks of his grandson.

“Are you talking about Do-joon?”

“okay. Even if you are a biological father, you will feel keenly that it is not worth spending money if there is no possibility. If you spent 4 billion won to become strong without being shaken by recognition, it would be cheap for tuition.”

“By the way. If the movie succeeds…”

“He’s a man who has lived unemployed all his life. Anyone have a business? If making movies is so easy, why would there be movies that fail? There are so many movies that fail even if producers and directors who say they’re going to fight are successful. How can they succeed?”

Unlike Chairman Jin, who was sure of failure, Lee Hak-jae had a different idea.

There are numerous cases where an unknown new director succeeds at the box office.

What if it succeeds?

Rather than a disgruntled son’s out-of-control anger, he will love and expect more from his grandson named Jin Do-jun, who recognizes the person he abandoned, Jin Yoon-gi.

If the movie fails, it’s a lesson, and if it succeeds, it’s like confirming people’s eyes.

No matter what the result, Chairman Jin seemed to burst into laughter.

“But it’s Hakjae.”

“yes. President.”

“Yeongjun is graduating next year, right?”

When I suddenly asked about the eldest grandson, Lee Hak-jun hesitated. How old are you?

“Send him to Germany when he graduates.”

“Germany? It’s not unusual out there these days, are you okay?”

The Monday protests that started in Leipzig in September 1989 became a catalyst and pro-democracy protests are spreading throughout East Germany.

To placate the protesters, East Berlin’s general secretary, Günther Schabowski, announced travel liberalization policies at a press conference.

But something great happened here.

At a press conference, an Italian reporter asked when the border opening would take place, and the general secretary made the fatal mistake of answering “immediately, without delay,” mistaking the border opening for travel liberalization.

Immediately after the conference, the Italian journalist, who was not good at German, mistook the travel liberalization measures for the removal of the Berlin Wall and sent an urgent dispatch to his country.

The news spread across the United States to West German television that night, and in an instant, Germans flocked to the Berlin Wall.

They had tools in their hands and started tearing down the Berlin Wall. Not only Berlin, but the whole of Germany is falling into chaos.

“The fall of the Berlin Wall is a symbol of change in Eastern Europe. At times like this, you have to see and feel the change with your own body. It is his job to find opportunities in it.”

“Aren’t you still immature? To gain some experience in Korea…”

“It is better to gain experience in Germany. Wouldn’t it be great to experience a lot in a short period of time by rolling in a place where the world spins quickly?”

Is it true?

Lee Hak-jae’s doubts did not go away. I wondered if the purpose was to make him gain experience or to expose Jin Young-joon’s incompetence.

“All right. I will prepare a seat in the Frankfurt branch.”

Chairman Jin, who showed a satisfied expression, opened his mouth a little cautiously.

“And… what do you think about building a home appliance factory in East Germany?”

Chairman Jin, who was certain that East Germany would collapse, showed a quick look. If West Germany’s money is released to East Germany, it is as if another huge market will be created.

Lee Hak-jae knows what Chairman Jin wants.

Building a factory for white goods can be done right away with just a swipe of a finger. At that level, he would have summoned the president of Soonyang Electronics instead of himself.

There are other hidden meanings.

“I will meet and discuss with Congressman Park.”

“okay. Give me what you want and tear it off.”

It is intended to build a home appliance factory in East Germany with national money.

Any title can be given to it. Support from underdeveloped East Germany is the most plausible, and the support method is a production plant that can create jobs.

It’s not all, but making the most of the country’s money to build a factory and later absorbing it as Sunyang’s assets. It’s something I’ve done countless times.

Those who are involved in national affairs will have their own pockets thicker when they do not save national money. Inflating their pockets is what a chaebol like the Sunyang Group does best.

* * *

“It is an investment contract. Take a look. Let’s see your English skills.”

Oh Se-hyeon smiles and has eyes full of curiosity, but has no intention of matching the rhythm.

“I can’t read this kind of professional content. Just explain.”

Disappointment flashed in his eyes, but he didn’t care. In the past, when I reported, I only spoke the core. It is the boss’s prerogative to be briefed on the main points.

“okay? Is it difficult?”

Oh Se-hyeon listened to the contract again.

“The total amount of the first investment is nine million dollars. I just cut it off saying it’s impossible anymore. This is the limit allowed by investors who have already invested first.”

“How much is it per week?”

“Forty cents.”

I was a bit surprised. Because my estimate was 60 cents. Since I know that it will be listed on NASDAQ next year at a face value of 30 cents, I thought I would ask for at least twice as much.

“Is that a good price?”

As he pretended not to know, Oh Se-hyeon changed into the attitude of a person reporting accurately.

“Dell Computer is scheduled to go public next year at a face value of 30 cents. The expected price at the time of listing will fluctuate after doubling time. But the average price is definitely over 40 cents.”

“Then it is a good condition.”

Michael Dell would have had no choice but to offer good terms.

The stock I secured will one day go into the hands of Michael Dell. The more stocks he owns, the stronger his management rights become.

The only thing Michael Dell is missing is stock prices that will rise much steeper than he expected. For that, I will get a lot of money.

“So the negotiations ended easily. That was the hard part.”

Oh Se-hyeon took out the thick English material again.

“I’ve been picking candidates for where to invest my remaining six million dollars.”

Oh Se-hyun paused while explaining the companies that were nominated for investment.

To explain the reason for the investment, I shook my head as if I was embarrassed because I couldn’t help but keep coming up with technical terms such as PER PBR PSR WACC Net Asset Valuation Expected value of future net cash flow Discounted cash flow method.

“Well, let me explain it simply. A safe investment and a little risky investment.”

“Where is the safe investment?”

“It’s like Pfizer, Johnson & Jones, Boston Scientific, in the medical field. The stock is stable and the dividend is good because it is consistently in the black. In particular, medical care can be seen as solid because it is difficult for latecomers to catch up.”

In the manufacturing sector where fierce competition does not stop, one flagship product causes stock prices to fluctuate.

However, in the medical field, stock prices soar every time a new drug is released, but it shows a firm stand that seldom sits down. This is a field that is difficult for latecomers to catch up with. If you only think about stability, it is the best choice.

“It’s a bit risky, but the place to try is Microsoft.”

Is Microsoft Dangerous? Is this the world’s Bill Gates?

Haven’t you already worked with IBM to make DOS a success?

I guess you misunderstood my surprised look.

“Isn’t it strange? Actually, I don’t know much about computers like this.”

“Why is it dangerous?”

“I kept releasing new computer operating systems, but the market reaction was not very favorable. According to the information, the third version is coming out next year, but it’s hard to judge what will happen if that fails. In addition, there are rumors that IBM is parting ways with Microsoft by developing its own operating system.”

Was Windows 3.0 coming out next year? Was it 3.1? It’s frayed.

It doesn’t matter. After all, it’s only a year or two difference.

Windows 3.0 introduces virtual memory in earnest, greatly strengthening multitasking capabilities and providing a more beautiful and colorful interface due to improved graphics card performance.

Starting with 3.0, IBM PC-compatible machines with relatively low price and expandability will emerge as a strong competitor to the expensive Apple Macintosh, and Microsoft is a company that will dominate the global PC market. Enough to drive the powerful Macintosh to the periphery.

It’s really exciting for me, who lived in an era where Apple became an absolute power again with the iPod and iPhone. There are no permanent winners.

“uncle. Who recommended Microsoft?”

“It’s Rachel. did you see it too? In a New York company?”

“Oh, that lady?”

“what? Madame? haha. Are you only thirty? If Rachel had heard it, she would have been furious.”

We’ll have to wait and see, but the best talent at Miracle Investment seemed to be Rachel.

“Now what should I do?”

“What do you think of Uncle?”

“I was attracted to Rachel’s opinion.”

oh that’s unexpected He clearly stated that it was an area he was unfamiliar with. Are you still considering investing?

“It may sound strange, but there is such a thing as intuition. The feeling that Rachel’s confidence seems to be correct. That kept pulling me in.”

As I continued to look at him curiously, he burst into laughter.

“Hehe. Of course the backup data was fine too. It’s a figure worthy of an adventure. And… since your luck isn’t average, I thought it might be a good idea to bet.”

“Then do it. I’m lucky, so it’ll be fine. Hi-Hi.”

They laughed together, but Oh Se-hyun’s eyes showed anticipation. It will give you hundreds of times that expectation. Doesn’t this man also have a 2% stake?

Now we need to start the next step.

“uncle. I have a request for you.”

“Say yes.”

“Is there land in Bundang? There are still…”

“Huh? the land? Is that still going up?”

“is it so? I don’t know… but please sell it anyway.”

They startled and waved their hands. This is because land prices are rising day by day.

“huh? why are you selling it? just hold on You can sell it when you hit the peak.”

I’m not selling because I don’t know. You shouldn’t miss something more important just to earn a few billion more.

“Then, does the company in New York play?”

“what? ah…!”

Oh Se-hyun hit his knee.

Fifteen million dollars is a lot of money being swept into just two companies. And there’s no word on when it will come back. It should stay put for at least a few years.

Can’t the company’s four talented people just stare at stock charts?

“Then, that money becomes the funds that Miracle will operate.”

“yes. But wear half and keep the other half.”

Strictly speaking, I know nothing. It only uses fragmentary knowledge of the future. If I didn’t know the future, would I have invested in Dell Computers and Microsoft?

Right now, my knowledge and skills do not even reach the feet of a woman named Rachel.

Half of the money from the sale of the remaining land will go directly to my tuition. All actions in the process of their decision to invest will be my textbook, and Oh Se-hyun, a talented person in a great company called Powershares, is my tutor.

Together with them, we will experience and learn the world-class real economy. It’s not a waste even if you throw away all that money.

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